Williams shares up after closing final major asset sale
TULSA, Okla. (AP) -- Shares of Williams Companies rose Thursday.<br/><br/>Williams announced Wednesday night that it had closed sales of three natural gas plants to Inter Pipeline Fund. The plants sold
Thursday, July 29th 2004, 12:04 pm
By: News On 6
TULSA, Okla. (AP) -- Shares of Williams Companies rose Thursday.
Williams announced Wednesday night that it had closed sales of three natural gas plants to Inter Pipeline Fund. The plants sold for $536-million in cash.
This was Williams' last major sale of assets. In the past two years, the company has transformed itself from a fully integrated, diversified energy company to a company focusing on finding, producing, transporting and processing natural gas.
Williams narrowly avoided bankruptcy in August 2002.
Get The Daily Update!
Be among the first to get breaking news, weather, and general news updates from News on 6 delivered right to your inbox!